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2009 Best Practices Study | Agencies with Revenues Between $2,500,000 and $5,000,000 | Profile
Agencies with Revenues Between $2,500,000 and $5,000,000
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $3,547,482
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
30.3%
31.0%
37.3%
50,000 – 250,000
42.4%
45.2%
41.2%
250,000 – 1,000,000
12.1%
9.5%
9.8%
More than 1,000,000
15.2%
14.3%
11.8%
C. Corporate Structure
C
42.4%
40.5%
41.2%
S
42.4%
40.5%
41.2%
Partnership
6.1%
9.5%
9.8%
LLC
9.1%
9.5%
7.8%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
2.0
2.0
2.3
Agency has an ESOP
9.1%
0.0%
0.0%
% of Stock Owned by ESOP
63.9%
0.0%
0.0%
D. Shareholders
Number of Shareholders
(excluding ESOP)
2.6
1.8
2.9
High
7.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
66.7%
79.1%
69.5%
High
100.0%
Low
22.0%
F. Shareholder Age
Current Age of Largest Shareholder
54.9
57.0
56.3
G. Parent Corporation
“Other” includes AAA,
joint venture, and another
insurance agency.
Agency is Owned by Another Corporation
15.6%
Description of Parent Corporation
Financial Institution
40.0%
National Broker
0.0%
Other
60.0%